- Gross profit increased 61.2% to $75.9 million
- Adjusted EBITDA increased 56.3% to $25.5 million
- Opened 41 stores
- Completed acquisition of 55 specialty mattress stores from Mattress Giant
Mattress Firm MFRM posted earnings $0.57 a share for its most recent quarter while analysts were expecting earnings of $0.65 a share.
Mattress Firm missed Wall Street estimates in its second quarter, but it is being acquired by Steinhoff which believes that consumers want to test furniture before buying it.
Mattress Firm (MFRM) is set to release its 2016 fiscal second quarter earnings before Friday's market open.